Assetmark Inc. Purchases 7,505 Shares of The Brink’s Company (NYSE:BCO)

Assetmark Inc. boosted its position in shares of The Brink’s Company (NYSE:BCO) by 2,436.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,813 shares of the business services provider’s stock after acquiring an additional 7,505 shares during the quarter. Assetmark Inc.’s holdings in Brink’s were worth $903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new stake in Brink’s during the first quarter worth $1,945,000. Tidal Investments LLC raised its position in Brink’s by 228.6% during the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock worth $1,580,000 after acquiring an additional 11,899 shares in the last quarter. SG Americas Securities LLC raised its position in Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after acquiring an additional 6,081 shares in the last quarter. Vanguard Group Inc. raised its position in Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after acquiring an additional 63,853 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Brink’s by 36.8% during the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Price Performance

Shares of BCO opened at $91.40 on Friday. The firm has a market capitalization of $3.99 billion, a PE ratio of 34.62 and a beta of 1.44. The company’s 50-day moving average is $107.09 and its 200-day moving average is $103.66. The Brink’s Company has a fifty-two week low of $75.41 and a fifty-two week high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $1.92 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Equities analysts forecast that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.06%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BCO shares. Truist Financial dropped their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Brink’s has a consensus rating of “Buy” and an average target price of $120.50.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.